Stocks To Buy, Sept 15: Prabhudas Lilladher Recommends 2 PSU Gas, Metal Stocks

Brokerage firm Prabhudas Lilladher (PL) has recommended 2 PSU stocks in its latest report dated September 15. PL has assigned buy call to IGL share in its technical pick of the day and recommended investors to buy SAIL shares, in its momentum call of the day. The analyst has assigned a target price of Rs 495 apiece to IGL stock and asked to keep the stop loss at Rs 460 apiece. The brokerage firm has recommended investors to buy SAIL stock with a target price of Rs 106 per share and urged to keep the stop loss at Rs 95 apiece, respectively. Check details below:

1. Buy Indraprastha Gas Ltd Shares: PL has suggested investors to buy IGL shares with a target price of Rs 495 apiece and keep stop loss at Rs 460 apiece. Current market price of IGL stock is Rs 469.80 per share at the time of writing the story with intraday fall of 0.24%. Its 52-week high price is Rs 515.55 per share and 52-week low price is Rs 364.50 per share, respectively. The large cap gas sector stock has a market capitalisation of Rs 32,886.04 crore. IGL stock offered shareholders return 12% in last 6-months, gained 12% YTD, soared 8% in last 1-year, declined 20% in last 2-years, and gained 73% in last 5-years. In last 10-years, IGL stock rallied 780%.

Incorporated in 1998, IGL took over Delhi City Gas Distribution Project in 1999 from GAIL (India) Limited (Formerly Gas Authority of India Limited).

2. Buy SAIL Share: Prabhudas Lilladher has recommended investors to buy SAIL shares with target price of Rs 106 per share and keep the stop loss at Rs 95 apiece. Current market price of SAIL stock is Rs 98.70 per share with intraday rally of 0.08%. Its 52-week high price is Rs 103.59 per share and 52-week low price is Rs 73.25 per share, respectively. The company has a market capitalisation of Rs 40,805.31 crore. SAIL shares soared 13% in last 1-month, gained 17% in last 3-months, rose 20% in last 1-year, fell 18% in last 2-years, and offered shareholders return of 151% in last 3-years.

SAIL is India's largest steel producing company. The company is among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.

Disclaimer

The stocks have been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.